TheDude108 TheDude108

02-12-2019
Mathematics

contestada

A deposit of $10,000 is made into an account that earns 6% interest. What is the simple and compunt interest formula.

Respuesta :

harshapuranik179 harshapuranik179

02-12-2019

Answer:

Simple interest formula SI = PRT/100

Compound interest formula:

Amount = (P+R/100)^n

Simple interest = 10000 x 6 x 1/100

= $600

Add 600 to 10000

10000+600 = $10600

Amount = (10000 + 6/100)^1

= $10000.06

Hope this helps!

Answer Link

Otras preguntas

Pls help math algebra Match the algebraic expressions and the algebraic equations

What is the vertical change from Point A to Point B? What is the horizontal change from Point A to Point B? 8 7 6 What is the rate of change shown on the graph?

A stadium has 80,000 seats. Seats sell for $40 in Section A, $20 in Section B, and $10 in Section C. The number of seats in section Cequals the total number of

what is a conditional statement? what's an example for one?

Divide. (3 3/4)÷(−2 1/2)

What organelles act as the boss inside of a cell

PLEASE ANSWER ASAP! Which sentence contains a spelling error? The police officer found himself in a quandary when it came to setting up roadblocks. He wanted

Find the slope of the line.

What's the verb in it might be hot

How does the legislative branch check the executive branch?